1.0V2Ahttps://v2aconsulting.com/es/v2awebsitehttps://v2aconsulting.com/es/author/v2awebsite/FirstBank acquires Banco Santander Puerto Ricorich600338<blockquote class="wp-embedded-content" data-secret="FQV9sFthTD"><a href="https://v2aconsulting.com/es/insights/firstbank-acquires-banco-santander-puerto-rico/">FirstBank acquires Banco Santander Puerto Rico</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://v2aconsulting.com/es/insights/firstbank-acquires-banco-santander-puerto-rico/embed/#?secret=FQV9sFthTD" width="600" height="338" title="«FirstBank acquires Banco Santander Puerto Rico» — V2A" data-secret="FQV9sFthTD" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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https://v2aconsulting.com/wp-content/uploads/2024/08/Webslider-Financial-Services-06.jpg16491100On October 21st First BanCorp., the bank holding company of FirstBank Puerto Rico (FirstBank), announced the acquisition of Banco Santander Puerto Rico (BSPR) for a $63M premium to BSPR’s core tangible common equity ($362M) in an all cash transaction. In this insight we will analyze the expected new market shares in the Puerto Rico banking sector after this acquisition and the recently announced purchase of Scotiabank operations by Oriental Bank.